FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
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1.Title of Security (Instr. 3)
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2. Transaction Date (Month/Day/Year)
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2A. Deemed Execution Date, if any (Month/Day/Year)
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3. Transaction Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 5/23/23 |
| S |
| 2,000,000 | D |
$15.61 | 68,651,928 | I | See footnotes (2) (3) |
Class A Common Stock | 5/24/23 |
| S |
| 1,000,000 | D |
$15.37 | 67,651,928 | I | See footnotes (2) (3) |
Class A Common Stock | 5/24/23 |
| G (1) | V | 1,150,000 | D |
$
0
| 66,501,928 | I | See footnotes (2) (3) |
Class A Common Stock |
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| 30,625 | D (4) |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Transaction Date (Month/Day/Year)
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3A. Deemed Execution Date, if any (Month/Day/Year)
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4. Transaction Code (Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)
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6. Date Exercisable and Expiration Date (Month/Day/Year)
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7. Title and Amount of Underlying Securities (Instr. 3 and 4)
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8. Price of Derivative Security (Instr. 5)
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9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Reporting Owners
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
GREENOAKS CAPITAL PARTNERS LLC 4 ORINDA WAY BUILDING C SUITE 200 ORINDA, CA 94563 |
X
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| See Remarks |
MEHTA NEIL 4 ORINDA WAY BUILDING C SUITE 200 ORINDA, CA 94563 |
X
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PERETZ BENJAMIN 4 ORINDA WAY BUILDING C SUITE 200 ORINDA, CA 94563 |
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| See Remarks |
Signatures
Greenoaks Capital Partners LLC, By: /s/ Neil Mehta, Managing Director | |
5/25/23 |
**Signature of Reporting Person | Date |
/s/ Neil Mehta | |
5/25/23 |
**Signature of Reporting Person | Date |
/s/ Benjamin Peretz | |
5/25/23 |
**Signature of Reporting Person | Date |
Explanation of Responses:
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents a gift of securities. |
(2) | The securities reported herein are held by certain funds and accounts to which Greenoaks Capital serves as the investment adviser and related persons or entities, including the Reporting Persons, certain estate planning vehicles, and by Greenoaks Capital Management LLC. Neil Mehta ("Mr. Mehta") and Benjamin Peretz ("Mr. Peretz") serve as Managing Directors of Greenoaks Capital. Mr. Mehta is a director of the Issuer. |
(3) | Each Reporting Person disclaims beneficial ownership in the securities reported herein except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |
(4) | Represents the grant of Restricted Stock Units ("RSUs") to Mr. Mehta for his service on the board of the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs will vest on the earlier of (i) the date of the next annual meeting of stockholders of the Issuer following June 16, 2022 or (ii) June 16, 2023. |
Remarks: Greenoaks Capital may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934, as amended, by virtue of the fact that Mr. Mehta currently serves on the board of directors of the Issuer. |
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
____________ Transaction Codes: |
G | Bona fide gift. |
S | Open market or private sale of non-derivative or derivative security. |
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